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of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class am
's democratic party. what you here from barack obama, harry reid, nancy pelosi, dick durban is not lowering all tax rates to get economic growth. you have a modern democratic party that is so far to the left that they believe in sunday amount alley anti-american concepts of radical wealth redistribution in order to equalize everyone. that is not what america is all b. the leading party that is leading the country in terms of the white house and congress really believes that by force, i don't mean by military force like the old school communist and social lists did, but by force of the tax code and redistribution of policies like obamacare they intend to force that on the american people. megyn: keurs te megyn: durbin chose two good people to make that example of. people don't love and reveer the hedge fund manager, they make other people a lot of money and they make a lot of money but most people have respect for our navy seals. is he on point? >> i do think he's on point. what monica just said, radical redistribution, we are talking about the radical redistribution is going back to the clinton
is joy ann reid, and ana marie cox, washington correspondent for the guardian. thank you both for joining me tonight. >> good to be here. >> ana marie, let me start with you. do republicans see the writing on the wall in this tax debate? >> i think they do. obviously some of them do. and i have to say, this is like a very weird place to kind of like stake your claim, like this is what you're going to commit political suicide over. there are actually other conservative ideals that i understand the philosophical principles behind and why you might go to the mat on this one. but this was -- as the president said, this was something that was decided by the election. this is not something that people were wishy-washy on. americans don't mind if you raise taxes on the very wealthy. not only do they not mind but they want this. i think it only makes sense for republicans to at least do what tom cole has said, which is to settle for this now and then if you want to have that fight later, if you want to make your debate points later, go ahead and do that. at this point, the memory so fresh with wh
president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries, durable goods, auto purchases. evidence like this is a reason why retailers are so concerned that congress has not yet extended the middle-class tax cuts. >>reporter: and carney noted the president spo
for now. she's not yet been nominated. harry reid said they believe the committees in charge chaired by john kerry should be in charge of this and not members from other committees like homeland security and intelligence and armed services who are getting involved in this. but as you pointed out, none of the republican senators asking questions chair anything. it's becoming very personal and very puzzling indeed. >> one last sort of puzzling hmt of this to me. i just want your perspective because you have reported on these issues for so long. it seems remarkable to me to have the acting director of the cia personally accompanying susan rice to that meeting today. this is not formal testimony. there was no committee of lindsey graham and john mccain. they don't run anything there. is it unusual to have the leader of the cia personally involved like this? >> it was remarkable to me. i described her on "nightly news" as her wing man. he was there to take the blame. and it did seem for an acting director of the cia to be put in that position rather extraordinary. he himself is under cons
with the congressional leaders, john boehner, harry reid, mitch mcconnell, and out for thanksgiving solely today are people trying to get back starting to draw the battle lines a little bit. we seem to have burned three weeks which is time is of the essence. david: i'm thinking three years ago obamacare on christmas eve, will it come down to that? >> maybe new year's eve january january 1, mandattry spending cuts kick in on the second of january. you hit on a very important point. congress only ask when there is the gamut swinging over their heads. they often do this around christmas time. it is the final train leaving the station. finishing the christmas shopping and people start to get itchy, i compare it to stockholm syndrome. people are sweating it out after a while they start to sympathize. david: i was saying is it an either or? tax rates go up or you get in and of deductions for the wealthy, and he seemed to say both. we should have a cap of $25,000 cap on abductions and marginal tax rate go up. do you think the president will hold out for that? >> harry reid this afternoon was adamant,
time now. >> hb 800 companies and groups sent a letter to senators harry reid, mitch mcconnell and others to say that they want repeal of the medical device tax as part of the fiscal cliff deal, this is a tax not on profits, on sales, on revenue. even if you post losses you still have to pay the tax. here's what the letter writers are warning about. if it passes, it will adversely impact patient care can increase cost of health care and adversely impact jobs. it's a 43,000 jobs could be lumped medical device makers. pacemakers, stopping brain aneurysms including prosthetics for soldiers returning from overseas and the issue is why you're hitting us with an excise tax on sales? they did a study which found when you do the math it is actually 80% in federal, state and local including the excise tax. lori: why would they go throughr the medical device makers? the tanning bed tax, the kind of understand. >> here is the rationale. the house want repeal it, but has stalled in the senate. the logic is they have to have health insurance, required to have health insurance, the lo
john boehner and the senate majority leader harry reid over the weekend. and the president is confident they can work out some sort of agreement. mike emanuel on fox top story live in the d.c. newsroom tonight. mike, it looks like some republicans are changing their tunes. >> shep, republicans say they favor both major spending cuts and additional revenue from tax reform with lower tax rates. the pledge you mentioned is identified with americans for tax reforms grover norquist who has gotten many republicans to promise they won't vote to raise taxes. south carolina senator lindsey graham is pushing back saying capping deductions would help generate revenue. the top republic on the senate budget committee explained graham's position. >> he is conditioning any tax increase on fixing these programs, social security and medicare, particularly in making sure that they are sound for the future. so that's lindsey's position. and he has talked about accepting revenue to accomplish that goal. >> republicans continue saying they don't want to increase tax rates arguing that will hurt job growth.
reid and speaker john boehner by phone on saturday when you see him this week he will be getting by with a little help from his friends ordinary unelected americans. joining us professor of economics at the university of michigan justin wool fers. great to see you. before i ask for your economic analysis i want to pose one question to my colleagues in new york, that is really about the optics of the president going straight forward and straight to the kisser as it were on the bush tax cuts, not really even talking about the fiscal cliff or the debt limit which looms in february or march. >> as we know there is no real fiscal cliff. it's more of a curve or a mole hill. it's serious and real but not going over the cliff. if there is something of a cliff-like situation, it's playing to the president's advantage. december 31st what he doesn't want, the bush tax cuts for the rich, will be gone. they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not
for coming on together. >> thanks, chuck. >>> well, was it something he said? senator harry reid speaks and stocks drop. really? the market rundown is next. boy, that stock market will listen to anybody these days. remember a man who changed professional sports without ever putting on a uniform. entertainment more than any other person in american history. how many presidents lost a general election before going on to win the white house? tweet me the answer. the first correct answer gets a follow wednesday from us. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all nig
majority leader harry reid says raising the debt limit has to be part of any package. john tester a members of the banking committee. newly re-elected. >> thanks, andrea. >> thanks very much for being with us. you're from one of the reddest of red states, you squeaked through. congratulations on that victory. what does it now bring you right into the middle of these negotiations and a tough vote. what are the people back home telling you? >> the people back home have been telling us some time we need to work together as americans, not as democrats or republicans. i think the folks back home are really sick of the hyper partisanship in washington, d.c., which has resulted in really a lot of dysfunction and so especially when it comes to the issue of debt and deficit it's going to take folks working together as americans, put the parties aside, do what's right for the country and move on. >> you're willing to vote for higher taxes some changes in medicare, including eligibility age, tougher means testing. some kind of reduction in benefits for future beneficiaries not the current. >> i tell y
-panthers, philadelphia. >> how about that monday-nighter? >> i know. i just continue to worry about andy reid because he looks so pathetic. >> yeah, it's been a very rough year for the eagles and their head coach andy reid. a lot of folks are calling for his head. this team lost six in a row, the most since before he took over. but while a lot of people want him fired right now, i think you have to look at the body of work, carol, for him. six division titles, he won an nfc championship game, winningest coach ever in philadelphia. and i think a little respect, too, for reid as a person who lost his son earlier in the season. you could make a change with this eagles' team, a lot of injuries, including michael vick. but a lot of people also believe that an interim coach in the middle of a year doesn't always translate into immediately turning things around. so i believe, like a lot of people, that reid will be gone, but it won't happen probably until the end of the year. >> vince chelani from bleacher report, thank you so much. >> don't forget, go to bleacherreport.com. carol, good to see you. >> i'm goin
change. we know that senate majority leader reid said they hope to have another meeting with the president this week. >> athena jones, thank you, at the white house. >>> and president obama went christmas shopping today. the president and his daughters shopped at an independent store in virginia. the obamas are participating in the third annual event, the white house bought 15 books. >>> and cyber deals, no longer just for monday. they participated in the deals before black friday. cyber monday is still a key part of the holiday shopping season. spending on cyber monday may reach $1.5 billion this year. so how do you get the best on-line deals if cyber monday is starting earlier? cnn's laurie segall has more. >> reporter: like black friday, or now black thursday, it starts earlier. o on-line deals are available every friday or monday on cyber.com. >> it is so much easier to go on line than it is to go out to the stores. >> reporter: ahead of the holiday season, the social network got into the game, launching facebook gifts. this seems like it is actually taking a big ste
're not going to stop the front four of anybody else. >> problematic. hey, with any luck, andy reid will be coaching the packers next year. >> or rex ryan. >> hey, we'll give you rex. you want rex ryan? >> we're happy with our coach. i would not want to be andy reid. >> no. >> he's going to san diego, barnicle tells me. >> he'd be on san diego next year. >> let's talk about what's in politico. you want to do that? >> love to. >> okay. so fiscal cliff is all the talk of washington, obviously. but you guys are writing this morning, your headline about the other fiscal fight, which is, again, the debt ceiling. >> yeah, i think people forget we have essentially three blink moments, sequestration, the debate, and we hit the debt limit probably some time in february. and you have to raise the debt limit unless you take the posture that some folks in the democratic party are recommending and saying just raise it unilaterally, have the president do that. i don't think that's what they want to do right now. in the past, congress has had to raise that debt limit. and as you know, house republ
, the senate majority leader harry reid the democrat over the weekend, perhaps to try to jump-start the talks. as of now, as the house of representatives comes back today, as the senate came back yesterday, we're still very much in limbo on the fiscal cliff. >> here's something else we know. some major republicans have come out and they say that they don't feel bound by the americans for tax reform pledge. most recently we saw house majority leader eric cantor. do you believe more republicans will stick by this? >> what we're finding out right now zoraida is that there's a little bit of coming to jesus moment about how to fix the fiscal cliff. for republicans perhaps it is going to be higher taxes. for democrats there's going to have to be some changes to entitlement reform. but grover norquist has been really the person pushing this no tax pledge, has been on our airwaves. he's been talking a lot about it. let's hear what he had to say about republicans who might break the pledge. >> no pledge taker has voted for a tax increase. they've had some people discussing impure thoughts on national
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
welfare at the expense of none other than the middle class. for more, we go to joy reid, managing either of grio.com and jared bernstein. welcome to you both. >> nice to be here. >> earlier we asked you to come up with a figure, because you know i have -- like a dog with a bone on this. we asked you to come up with a figure how much corporate welfare per year is dolled out. what did you find out? >> from the tax policy center, nonpartisan, highly reliable group, $150 billion in tax expenditures that favor corporations in 2012. so, there's your number. >> now, if i'm not mistaken, the amount we actually spend on entitlements that we actually are entitled to because we pay into a system is about half of that? in terms of who's getting the better deal, corporate welfare seems like the better deal and if we're looking for cuts, maybe that's where we should start? >> i think the point is that in both of these cases it's absolutely nonsense, and i know you share this view, to write off all of the social programs as, you know, welfare that just layabouts are -- that 47%, clear nonsense. at the
it for political reasons. the senate majority leader harry reid put out a statement yesterday saying guys the election is over. enough already. that is the other reason why susan collins is significant. she is not known as someone who would go after people particularly someone who has the potenti potential -- that is why what she said is important because it is difficult to say susan collins is doing this for political reasons. >> great questions live on the spot and also great reporting. thank you for that. yes, secretary of state is currently hillary clinton but mrs. clinton has said she does plan to step down as soon as her successor is lined up. ♪ thanks. [ daughter ] dad... meet julian jones, the third. [ male announcer ] some connections are generational; hi... [ male announcer ] others just a few minutes... look everybody, my new grandson. [ male announcer ] either way, our signal is strong and deeply rooted in the community. cute kid... looks nothing like you. [ male announcer ] the simple joy of staying in touch. anyone have occasional constipation, diarrhea, gas, bloating? yea
reid said about that. >> we would be somewhat foolish to work out something on the cliff and is six weeks later republicans could pull the same game they did before. >> dana, any indication progress is being made on this or just more roadblocks coming into the picture? >> you know, i was just as a breakfast where bowles and simpson were speaking, and it was a very gloomy and pessimistic affair, and erskine bowles was saying he sees barely eve an one-third possibility of avoiding the fiscal cliff. it appears everybody is just posturing right now. the president is doing it, congressional leaders are doing it. the few who do seem to be willing to compromise are for now the outliers. in fact, more obstacles are being thrown up, and we've got all of ten legislative days left in which to fix this problem. >> well, gloomy and pessimistic are not the words that we want to hear or i think, clarence, that we expected to hear because it seems that before the election there was actually some uniform opinion this absolutely was going to get done by the end of the year. what changed? >> well, it'
show any flexibility at all at curtailing medicare spending, period? harry reid has already said social security is off the table. we're not touching social security. that's not a story? no. it really wasn't. that was basically uncovered by the networks. but the debate now is entitlements and that is getting almost no attention. >> steve: in the meantime, you look at the stuff and it looks like the main stream media essentially acting as a negotiator on behalf of the white house. republicans need to cave. don't think of it that way. think of compromise because that at thend of the day, both parties will give up something. >> sure. and by the way, let me to be totally honest, republicans have already caved. they've already fallen for it, right? they've already been pushed into, you watched the sunday shows, attacking grover norquist, as if that's the point. it's not. so the press has cowed republicans to do their bidding and in effect, doing the white house's bidding. but again, the real story is going unanded and that is will harry reid and the democrats in the house, led by nancy pelos
.o.p., and will the democrats line up with harry reid and others? or do you think there will be resistance to something they weren't involved in. >> i think that they weren't involved will be the excuse. the leadership, by its definition, figuring out how to move this forward, as opposed to having the largest possible group and the lowest possible time. that's a recipe for doing nothing. that's exactly what has happened in the senate four years, according to the session's own definition of that. so when we talk about leadership, yeah, that would mean some people getting into a room, figuring out what can their side tolerate to move us forward. and to the earlier point, i think it's penitentiary to note that the premise for the entirety of the campaign season was that the republicans standard bearer said, we won't take one dollar -- we won't give you one dollar for every $10 of curts. that deal is no longer on the table. john boehner others know, the tax increases will be a part of this plan moving forward. part. not the only way. they understand that that is coming. the first bill isn't on the table. t
reid and the democratic caucus to meet halfway on entitlement reform? >> that is a question, certainly. and i think that the democrats were as unhappy in the part of the democratic caucus when the bargaining negotiations took place. democrats were as unhappy as parts of majority leader cantor's kau can cuss were about the revenue side. you made the point that it's a big deal for speaker boehner to put the notion of new revenue on the table so what has changed in your caucus and your caucus' outlook when the notion of new revenue was for a lot of your members not talked about. what's changed in those districts where people got re-electeded having not changed their position at all? we were re-elected to fix problems. we were elected to fix the problems to get the economy going again and to fix the deficit. well, the president got re-elected. we know at the end of this year taxes are going up on everybody. everybody. rich, poor alike. we have marginal rates across the spectrum going up as well as c cap gains, dividends. everything. this is the so-called fiscal cliff, right? so we know tha
known months as we come into -- every nine months as we come into an election year. harry reid still hasn't passed a budget now in four years in washington d.c. he'd rather play games with the republican budgets than pass a budget of his own. it's time the democrats came to the table. and the republicans need somebody to stand up. may i suggest george h.w. bush stand up and tell the people what really happened to him in 1990, 1992, and that george w. bush stand up and really stop taking the blame for what happened in the economy and put it where it belongs. we need the two former presidents to stand up just like the three presidents today that are democrats are bashing the bush administration, bashing their economy. they need to not wait for history to tell the story, they need to tell the story themselves. megyn: but george w. bush, who lowered taxes, did spend a lot. he was a spender, and gave us the medicare, you know, prescription drug program that we didn't really have the funding for, and that added to our deficit and to our debt, and then president obama came in and, you know,
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